port project
J M Baxi Ports & Logistics Ltd, a unit of Mumbai-based J M Baxi Group, is all set to win the rights to run a container terminal contract of the state government owned, V O Chidambaranar Port Authority (VOC Port) in Tamil Nadu’s Thoothukudi district entailing an investment of ₹434.17 crore. The privatization of Berth No 9 into a container terminal (depth of 14.2 metres) with an investment of ₹434.17 crore will boost VOC Port’s container handling capacity by 6 lakh twenty-foot equivalent units (TEUs) a year to 1.8 million TEUs a year. VOC Port, the third largest container handler among the dozen State-owned ports, currently has two container terminals in its inner harbor, run separately by PSA SICAL Terminals Ltd (draft of 11.7 metres) and Dakshin Bharat Gateway Terminal Pvt Ltd (draft of 14.2 metres) with a capacity to handle a combined 1.2 million TEUs.

Dhruv Kotak-led J M Baxi Ports & Logistics placed a price bid of ₹1,900.44 per twenty-foot equivalent unit (TEU) on a tender for converting a bulk cargo berth at the port into a container terminal with private funds, when the price bids were opened recently. This is the second contract success in a month for J M Baxi Ports & Logistics after it triumphed in a tender issued by Jawaharlal Nehru Port Authority (JNPA) to privatise the container handling terminal self-run by the State-owned port located near Mumbai. The newest contract wins will boost the valuation of J M Baxi Ports & Logistics ahead of a planned initial public offering (IPO).
The Ghaziabad Development Authority (GDA) board has given a go-ahead for developing transit-oriented development (TOD) zones along the Regional Rapid Transport System (RRTS) corridor. It has decided to declare up to 1.5 km on both

Read more ...

NHAI has decided to upgrade the 75-km-long Ahmednagar bypass-Shirdi NH-160 starting from Savali Vihir to the Ahmednagar bypass. The project was announced in January 2021 at a cost of ₹450 crore but delays in execution has increased the

Read more ...

NBCC (India) has secured a contract worth ₹271.62 crore in projects of the Amrapali Group. It has got an order of ₹42.44 crore for construction of balance work of Amrapali corporate hub at IMT Manesar, Gurugram in Haryana. Apart

Read more ...

The National Highways Authority of India (NHAI) has started construction work on a greenfield highway between Mancherial and Warangal in Telangana at an estimated investment of ₹2,500 crore. It has invited tenders for the

Read more ...

The Northeast Frontier Railway plans to upgrade the New Jalpaiguri (NJP) Railway station into a multi-modal transportation hub at an investment of ₹334.72 crore. Once operational, it will be one of the largest and the busiest railway

Read more ...

The central government has approved a 1500-km two-lane Frontier Highway in Arunachal Pradesh and has also cleared funding for the mega highway project. The ₹27,349 crore highway will run close to the Line of Actual Control (LAC). It is seen

Read more ...

Telangana government has decided to extend the Hyderabad Metro to the Rajiv Gandhi International Airport (RGIA) in Shamshabad at an approximate cost of ₹6,250 crore. At 31-km, the Airport Metro corridor starting at Mindspace junction to

Read more ...

The Union government has decided to start construction work on four greenfield expressways at an investment of ₹1 lakh crore. The West Bengal-based projects are aimed at decongesting traffic in Kolkata and improving

Read more ...

Assam Chief Minister Himanta Biswa Sarma informed that a slew of development projects will be launched in two phases across different districts over the

Read more ...

The Adani Group has emerged as the highest bidder with a bid of ₹5,000 crore for the estimated ₹23,000 crore Dharavi redevelopment project. Gurugram-based

Read more ...

Godrej Properties will launch a luxury housing project at Ashok Vihar in the national capital in March quarter and is eyeing ₹8,000 crore of sales revenue

Read more ...

The Yeshwantpur railway station redevelopment work has commenced and is expected to be completed by June 2025. Girdhari Lal Construction Pvt Ltd is

Read more ...

Rajasthan CM Ashok Gehlot has approved ₹26 crore 45 lakh for 54 kms of new road construction work in Nagaur. Road construction work will be done in Nagaur

Read more ...

The Union transport ministry has launched nine roads and highways projects involving an investment of over ₹9,000 crore in Rayalaseema region of Andhra Pradesh

Read more ...

The National Highways Authority of India has fast tracked work on the 116-km long Ludhiana-Ropar greenfield expressway project involving an investment

Read more ...

A New Delhi-based real estate builder with operations spanning across Mumbai, Noida and Chandigarh, has launched an integrated luxury township project

Read more ...

Reiterating the government's commitment towards the development of Sangam city, UP Chief Minister Yogi Adityanath has inaugurated 35 projects worth ₹325.16 crore and laid the

Read more ...

The National Highways Authority of India has planned to build 23.32-km-long Sachendi–Mandhana Road, around Kanpur on EPC model entailing an investment of ₹16,680

Read more ...

According to a report titled Project Management 2.0 - Driving Value in the New Normal Era by Global Commercial Real Estate Services (CBRE), in Q3 2022, the construction costs of

Read more ...

The Union Ministry of Road Transport and Highways is all set to start the construction work on the two-lane 1,465-km long Frontier Highway in Arunachal

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.
Click here to subscribe.